president obama doesn't say that but it is striking how he has been. he wouldn't allow taxes to go up. wouldn't keep taxes where they are on the rich, scrooge. he wouldn't do that. so he made it clear that the tax increases for the rich the point of his campaign they are the most important thing he brings them up get the rich. that is similar to roosevelt. >> fallout from the first term legislation. we saw that obviously in 1936 in 1937 because of what new deal politics and new deal policies now talking obama care? >> these are clear analogies. it's the binge hangover thing. first you have a great piece of legislation that sounds great before the election. obama care. then it was the wagner act for labor social security was the new thing. after the election the changes. only due in 1937 all of a sudden that money was gone from the economy that was one of the reasons why we are talking now. they had a depression within the depression. stock market went down. >> let's be specific here. before the break we said we could see another bubble. before we saw t